- SUI is a relatively new Layer 1 blockchain, having been launched in September 2023.
- Despite its newness, SUI has experienced impressive growth and reached an all-time high of $2.17 in March 2024.
- SUI is currently available for staking on crypto exchanges like Binance, LBank, 4E, BYDFi, and OKX, allowing users to earn rewards for holding SUI.
- The team behind SUI is Mysten Labs, a company founded by former Facebook and Diem engineers. Mysten Labs has extensive experience in blockchain development and is highly regarded in the industry.
- SUI uses Move, a programming language designed to create secure and efficient decentralized applications (dApps).
- SUI has the potential to become the platform for many dApps in the future, including blockchain games, decentralized exchanges (DEXs), and decentralized finance (DeFi) applications.
- SUI's market capitalization is currently $2.3 billion, ranking 48th in overall market cap and 52nd in 24-hour trading volume. Mark believes SUI has the potential to reach a market cap of $30 billion.